Standstill Date definition

Standstill Date means 14 February 2003 (or such later date as may be agreed by the Secretary of State).
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Standstill Date means the later of (i) the earlier of (a) the date occurring four years after the Closing Date and (b) the first day of the month following the month in which the Corporation has achieved $300,000,000 of Consolidated EBITDA during the 12-month period ending in such month, as certified by the Chief Financial Officer (the “First Standstill Date”) and (ii) the date on which all Preference Shares, if any, that are held by the Fairfax Group Shareholders as of the end of the Minority Co-Invest Period have been redeemed or purchased from (or otherwise Transferred by) such Fairfax Group Shareholders; provided that with respect to any PIK Preference Shares held by the Fairfax Group Shareholders, if an offer to redeem or purchase all such PIK Preference Shares has been made and rejected by a Fairfax Group Shareholder, then all such PIK Preference Shares shall be disregarded for purposes of this clause (ii));
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Standstill Date means close of business on the Commencement Date.
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Examples of Standstill Date in a sentence

  • The Company understands that, subject to the limitations set forth in Section 4.2 hereof, from and after the Revised Standstill Date, the Investor may seek to acquire additional Voting Securities from time to time from Persons other than the Company, in open-market transactions or otherwise.

  • Reckson shall not commence, or be a party to an agreement providing for, or recommend acceptance of, a tender or exchange offer for shares of Reckson Common Stock if the earliest date on which such offer can no longer be accepted by a Reckson stockholder is prior to the Standstill Date.

  • As used herein, "Standstill Date" shall be the earlier of (i) tenth business day after the Exchange Agent has commenced delivering the Merger Consideration to holders of each of shares of Company Common Stock and Company OP Units or (ii) 30 days after the Outside Termination Date.

  • Notwithstanding the foregoing, Reckson may, prior to the Standstill Date, (a) execute an agreement requiring it to convene a Special Meeting of its stockholders or (b) commence, or be a party to an agreement providing for, or recommend acceptance of, a tender or exchange offer for shares of Reckson Common Stock, so long as the foregoing requirements, to the extent applicable, are satisfied.

  • On any Standstill Date, the Holder agrees that it shall not, and shall not be permitted to, exercise the Series A Warrant, in whole or in part.

  • On and following the Standstill Date, Lender shall be free to be take any action to collect the Indebtedness from Borrower, or to enforce its rights under the Loan Instruments, including without limitation any and all rights to foreclose on the Mortgage and sale of the Mortgaged Properties, as Lender, in its sole discretion shall elect, unless Borrower shall, prior to the Standstill Date, cure all outstanding Defaults upon such terms and conditions as Lender may approve in its sole and absolute discretion.

  • Subject to Section 9.2.2, at any time after the First Standstill Date, any of Fairfax, ACON and, if at the relevant time the ACM Funding Threshold has been met, ACM (an “Initiating Shareholder”) shall have the right, upon written notice (an “Initiating Notice”) to the Corporation and each other Shareholder, to advise the Corporation and the other Shareholders that the Initiating Shareholder wishes to have the Corporation undertake and effect a Liquidity Event.

  • Standstill Date until the end of the Initial Term this Clause 16.9 (Loan To Value Ratio) shall not apply.

  • Solely until the Back-Up Standstill Date (as defined below), accept or actively solicit back-up offers concerning the sale, refinancing or recapitalization of the Property or any tenant leases with any persons or entities; provided, Seller shall not be in breach hereof by virtue of unsolicited offers being made to Seller that Seller does not accept.

  • Several defaults have occurred under the Loan Agreement, the Note, and the other Loan Instruments; however, pursuant to the terms of the 2018 Agreement, Lender has agreed not to take any action to collect from Original Borrower the Indebtedness until the Standstill Date occurs, as defined in the 2018 Agreement.


More Definitions of Standstill Date

Standstill Date means either (i) any Trading Day that is the 2nd Trading Day after a Price Failure Date or (ii) any non-Trading Day for which the determination of the Net Number would be based on the Closing Bid Price on the Price Failure Date. “Price Failure Date” means any Trading Day on which the Closing Bid Price of the shares of Company common stock is below $0.0001.
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Standstill Date shall have the meaning ascribed to such term in Section 4.12(a).
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Related to Standstill Date

  • Standstill Period has the meaning set forth in Section 3.1.

  • Standstill Termination Date means (a) if the Company does not obtain the Stockholder Approvals, the date of the Special Meeting or (b) if the Company obtains the Stockholder Approvals, the Effective Date of the Out-of-Court Restructuring.

  • Lockup Period has the meaning set forth in Section 2.4(d)(i).

  • Term Loan Standstill Period has the meaning provided in Section 8.01(b).

  • Lock-up Period means the period commencing on the date of the final prospectus relating to the Company’s IPO, and ending on the date specified by the Company and the managing underwriter(s). Such period shall not exceed one hundred eighty (180) days, or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports, and (ii) analyst recommendations and opinions.